Agricultural Biologicals Market By Type (Biopesticides, Biostimulants, Biofertilizers) By Application (Cereals & Grains, Oilseeds & pulses, Fruits & Vegetables) and By Geography- Global Trends and Forecast 2019
Apr. 17 2015
The global agricultural biologicals market is estimated to grow at a CAGR of 14.6% in the forecast period. Agricultural biologicals present a new mode of action for weeds, mildew, other insects, and protect plants from these. The usage of agricultural biologicals assists farmers in maximizing yield and reducing plant stress, thereby increasing plant productivity. Advantages of using agricultural biologicals for crops are that they allow growers to save time involved in crop harvest required, due to the use of conventional chemicals.
The agricultural biologicals market is segmented into major types, which include biopesticides, biostimulants, and biofertilizers. Agricultural biopesticides are used for pest control. They are further classified into different groups such as bioherbicide, bioinsecticide, and biofungicide. Chemical pesticides are harmful to the environment as they may have carcinogenic effects on plants. Biopesticides are an alternative to chemical pesticides as they are derived from renewable materials, such as bacteria and some minerals. Biopesticides are used to control the effect of weeds, pests, and insects on field crops.
The global agricultural biologicals market was dominated by Europe and North America, with market shares of 31% each. The North American agricultural biological market, which is dominated by the U.S., is steadily progressing due to stringent environmental regulations and an increasing shift towards organic produce. It is one of the largest segments in the global agricultural biologicals market, with a market share of 31% market share with regards to revenue generation from organic farming.
The global agricultural biologicals market is a competitive market, with big agrochemical & agricultural biological companies such as BASF (Germany), Bayer CropScience (Germany), and Monsanto (U.S.) among others, which focus on expanding their market base in the concerned market. This is successfully achieved with the assistance of numerous market strategies adopted by these companies, which include new product developments, alliances, and acquisitions. Apart from these companies, there are biological developers such as Marrone Bio Innovations, Inc. (U.S.), Valent BioScience Corporation (U.S.), Novozymes A/S (Denmark), Agrinos AS (Norway), and Certis U.S.A, (U.S.) that also strengthen their market position through product approvals, alliances, and agreements.
This research report categorizes the global agricultural biologicals market into the following segments and sub-segments:
Global Agricultural Biologicals Market, by Type
Global Agricultural Biologicals Market, by Application
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Global Agricultural Biologicals Market, by Geography
Rest of Europe
Rest of Asia-Pacific
Rest of the World
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